MFA Financial stock rises 1.54% but underperforms broader market
Updated
Updated · MarketWatch · May 8
MFA Financial stock rises 1.54% but underperforms broader market
7 articles · Updated · MarketWatch · May 8
Shares closed at $9.90 on Friday as the Nasdaq gained 1.71% to 26,247.08 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
The stock finished 6.29% below its 52-week high of $10.57, reached on 5 September.
Among peers, PennyMac Mortgage Investment Trust fell 0.72%, while Invesco Mortgage Capital rose 2.49% and AGNC Investment gained 1.31%; MFA volume of 1.1 million was below its 50-day average.
With earnings failing to cover its high dividend, how long can MFA Financial maintain its generous shareholder payout?
MFA's stock trades far below its book value. Is this a deep value opportunity or a classic investor trap?